Fortis (FTS) Scheduled to Post Earnings on Tuesday

Fortis (NYSE:FTS - Get Free Report) will be posting its quarterly earnings results before the market opens on Tuesday, November 5th. Analysts expect Fortis to post earnings of $0.58 per share for the quarter. Investors that wish to listen to the company's conference call can do so using this link.

Fortis (NYSE:FTS - Get Free Report) last posted its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $0.49 EPS for the quarter, topping analysts' consensus estimates of $0.47 by $0.02. The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.96 billion. Fortis had a return on equity of 7.04% and a net margin of 13.90%. On average, analysts expect Fortis to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Fortis Stock Down 1.4 %

Fortis stock traded down $0.61 during midday trading on Tuesday, hitting $43.28. The stock had a trading volume of 551,725 shares, compared to its average volume of 699,565. The company has a current ratio of 0.69, a quick ratio of 0.58 and a debt-to-equity ratio of 1.26. The business has a fifty day moving average price of $44.52 and a 200 day moving average price of $41.68. Fortis has a 12 month low of $36.86 and a 12 month high of $46.06. The stock has a market cap of $21.43 billion, a P/E ratio of 18.92, a P/E/G ratio of 3.95 and a beta of 0.47.

Fortis Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, December 1st. Stockholders of record on Monday, November 18th will be issued a $0.615 dividend. This represents a $2.46 dividend on an annualized basis and a dividend yield of 5.68%. This is an increase from Fortis's previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Monday, November 18th. Fortis's payout ratio is 78.02%.

Wall Street Analysts Forecast Growth

FTS has been the subject of several recent research reports. StockNews.com upgraded shares of Fortis from a "sell" rating to a "hold" rating in a research note on Sunday, August 4th. UBS Group raised shares of Fortis to a "strong sell" rating in a research report on Tuesday, September 10th. Finally, Bank of America began coverage on Fortis in a report on Friday, September 20th. They set an "underperform" rating for the company.

Fortis Company Profile

Fortis Inc operates as an electric and gas utility company in Canada, the United States, and the Caribbean countries. It generates, transmits, and distributes electricity to approximately 447,000 retail customers in southeastern Arizona; and 103,000 retail customers in Arizona's Mohave and Santa Cruz counties with an aggregate capacity of 3,408 megawatts (MW), including 68 MW of solar capacity and 250 MV of wind capacity.